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Private equity group scoops up Protection One Europe

 - 
07/01/2003

TOPEKA, Kan. - Only a few months after Westar Energy announced plans to put Protection One on the block, its subsidiary, Westar Industries, has found a buyer for its stake in Protection One Europe.

Leasecomm strikes settlement deal

 - 
07/01/2003

WASHINGTON - Once a major lender to independent alarm dealers, Leasecomm agreed in late May to drop $24 million worth of current and pending lawsuits against consumers that contracted with Leasecomm for “get rich quick” business opportunities under the terms of a settlement with the Federal Trade Commission.

Federal trade regulators pursued charges against the company in part because of language contained in contracts with consumers who purchased business opportunities from Leasecomm, such as medical billing software or multi-level marketing programs.

Knight launches builder program

New headquarters provides room for program addition
 - 
07/01/2003

HARRISBURG, Pa. - A new headquarters with ample room has afforded Knight Security Systems the space to create a program to provide home-builders with structured wiring and other services, such as security and central vacuum systems.

Briefs

SSN Staff  - 
07/01/2003

Matrix Security named Security Pro dealer

WILMINGTON, Del. - A 20-year-old security dealer here has been named to the GE Security Pro dealer program.

Dealer plan targets rental market

 - 
07/01/2003

NEEDHAM, Mass. - A provider of home security products designed for renters has launched a dealer program to enable installers to tap into this underserved market.

Bay Alarm settles into new consolidated headquarters

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06/01/2003

PACHECO, Calif. - One of California’s largest independent alarm companies has moved into a new 31,000- square-foot facility, relocating its corporate headquarters and central station to a more convenient location seven miles to the east.

Alliant launches dealer program; makes acquisition

 - 
06/01/2003

GLENDALE, Calif. - With the acquisition of an alarm company here, Alliant Protection Services not only gained one of the largest independents in the area with 15,000 accounts, but a person to lead its new authorized dealer program.

Digitech, Bel-Tek union addresses electrical needs

 - 
06/01/2003

BELLEVUE, Wash. - Things just got a little easier for industry professionals, builders and homeowners looking to install low- and high-voltage systems here, said the owners of a newly formed electrical company.

JM Resources tacks on 200 New Jersey-based accounts

 - 
06/01/2003

KING OF PRUSSIA, Pa. - Two New Jersey companies recently sold close to 200 alarm accounts to JM Resources, the latest in acquisitions for the growing Pennsylvania company.

Wis. ADT dealers challenge terminations

Violation of Fair Dealership Law provisions cited
 - 
06/01/2003

MILWAUKEE - Citing a nearly 30-year-old Wisconsin law that requires dealers to receive 90 days notification of termination of their contracts as well as an opportunity to rectify performance deficiencies, five former dealers for ADT Security Services filed a lawsuit in April in Milwaukee County Circuit Court against the company’s registered agent in Madison, Wis.

The lawsuit marks another challenge following ADT’s announcement in August 2002 that it was cutting back on its nationwide dealer program, limiting the number of accounts it would purchase or terminating some contracts altogether because they didn’t meet specific criteria.

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Poll

SSN News Poll December 2014

In the wake of the recent expiration of their non-compete agreement, former sister companies ADT and TycoIS are now battling it out for a piece of the lucrative small-business pie. How will this affect the competitive landscape and regional providers? Tell us what you think.

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